FAQ

EMA a fintech pan-african smart mobile solution that integrate digital platform to ensure financial security and wealth inclusion for small-scale business owners, innovative startups and budding entrepreneurs, low-income earners, farmers and unbankable, unbanked, underserved, young working class and students to save bit-by-bit and increase their savings over a period of time through Extramile. With Extramile, no depletions of savings, rather, every saver enjoy increase in their savings. Extramile helps low income earners, students and young working class to become smart investors, co-owners and shareholders of innovative startups in Extramile by turning their savings into investment.

Extramile is a sharing economy digital platform that empowers the ordinary man on the street to co-own a company without starting his own company. An extramiler save bit-by-bit into extramile and extramile turn the crowd-savings into investment in innovative and selective startups that are market and investment ready. Our 40-40-20 profit-sharing model supports crowd-savers to become smart and co-owner investors. 40% of profit made goes to the investors, 40% goes to the selective startups while 20% are shared among the team members and partners of extramile. Everybody wins. Everybody is a co-owner and shareholder. We empower the ordinary man and the unbankable to be financially independent wherever they may be using their phone or through our community agent to save or invest their money without hidden charges, everybody takes ownership.

We are excited to mend the broken fences of deductions and hidden charges with no good returns on money saved. EMA fixes it.

  1. Individual savings
  2. Ajo- Cooperative savings
  3. Save to Invest- you either choose to get dividends on your money after 12months or you choose to get value for every penny invested on EMA immediately

What is more, when you register and upload your picture as a new user, you will get your customized EMA wallet that gives you detailed report and simple analysis of every savings or investment on your wallet. It will also show clearly in charts how your invest investment is growing monthly. Everything is just on your mobile.

Banks make money by deducting lots of charges from savers money and inturn release the common man savings and money to the hands of big business people and politicians. The banks and businesses invested in make more money, the savers get peanuts.

We are excited that we are building a digital and innovative platform that brings convenience, financial inclusion and empowerment to the common man on the street. Extramile invests crowd-saving got from extramilers in selective investment-ready startups that want to scale and we share the profit between both savers and startups while extramile takes just 20% of the profit made. Savers become a co-owner of the extramlie forever as long as they keep saving. No more hidden charges or few enrichments.

  1. Yes! We don’t leave our users in the libido. Aside information you will always read on our blog and social media handles, if you have questions, queries or enquires, our support team will instantly respond to you 24/7. You can have access to this support base on the method you desire, either, phone call, Extrabot in the app or website or our facebook, whatsapp and so on. Our help lines and emails are always active to get your financial problems solved

Oh, yes. Inviting your friends or anyone to EMA is quick and easy. The more friends you invite to use EMA, the more points you earned and you can convert your points to cash or values anywhere anytime.

  1. In Africa, we have our stories and they are unique. Unlike in developed countries, we can’t just be creating platforms to connect startups to invested money or farmers produce to the market without investigations. In Africa, we got to dirty and soil our hands to make the money. We got to do the hardwork to create wealth. It is not the other way round. We can’t continue to leave business in the hands of unstructured businesses, we just need to get involve. We engage and work with all the stakeholders.

    Our startups are co-shared and co-owned by the extramile platform. We help a startup founder to grow faster by sharing the ownership of his company with investors, in return investors path with their money to finance the startup traction and scalability. We incubate indigenous, innovative and disruptive startups and accelerate its growth with crowd-savings from investors. Our laser focal point/trajectory are in agribusiness, tech and low cost driven startups. Our preferred choice of startups are innovative, low-cost, tech-driven, smart, indigenous and young startup.

We are proud to be the first standard and structured indigenous tech-driven and low-cost venture capital platform in Africa using digital platform to reach out to over 100million low income earners and young working class in Nigeria and Kenya.

We have lean team including hundreds of young activators and Extramile Campus Ambassadors convincing and inspiring their colleagues and co-workers to save bit-by-bit in extramile and become smart investors. Yong people and students are earning extra cash with their extramile App wallet while studying or working. Our focus is not one big investor to invest in our selective startups, it is basically on ordinary people and unbankable, the masses to become investors through crowd-savings. you can invest as low as 10k or $25, and you increase your investment seed or shares in a couple of months. You get more of your money; you don’t get less. The more you save, the more your ROI. We invest your money into a high proven MVP and clear business platforms.

  • No, EMA is not a bank but we are a fintech platform that provides and digitalize savings and investment services to Africans to track, monitor and become shareholders with dividends in Africa startups.
  • We are simply an e-mobile micro-finance platform that provides financial and investment services for those who hates banking; from the low income earners to the students, young working class and even to the smallholder farmers, preferably commoners to invest as little as 10,000 in certified and disruptive startups in Africa.
  • We are also a digital investment platform for Africans in the diaspora or foreigners that are willing to invest in Africa ecosystem for the recovery and wellbeing of Africa economy to invest in an exchange for good dividends.
  • We are equally creating a community-driven and sharing system for Africans that are tired of the traditional or banking way of keeping their money in a safe without any dividend or value on their money. It is a well-known fact that money saved depreciate over time with inflation while money invested keep growing, creating more jobs and expedite wealth distributions to all.
  • We are in a strategic partnership and core believer of the SDGs 1 & 2- No Poverty and hunger. We cater for the wellbeing of the needy by turning their little resources into huge investment without extra charges from them.
  • We are a supporting system eager to make more money with users money and shared the profit among all stakeholders without extra charges or hidden deductions.

Our 40-40-20 profit-sharing model supports crowd-savers to become smart and co-owner investors. 40% of profit made goes to the investors, 40% goes to the selective startups while 20% are shared among the team members and partners of extramile. Everybody wins. Everybody is a co-owner and shareholder. We empower the ordinary man and the unbankable to be financially independent wherever they may be using their phone or through our community agent to save or invest their money without hidden charges, everybody takes ownership.

We are excited to mend the broken fences of deductions and hidden charges with no good returns on money saved. EMA fixes it.

Our services and presence are in both Nigeria and Africa and in the nearest future, we will move to other four Africa countries.

Too numerous to mention but we are in the education, health, internet/data accessibility and electricity bills plan. The present ones are:

Extramile is a socioeconomic digital system with a sharing and collaboration at its heart. We create and share economic benefit between the users (extramilers) and green startups. Our philosophy is stemmed from” What’s Mine is Yours”- collaborative economy.

It is a collaborative financing of scaling and investment-ready startups in Africa. collaborative consumption is a part of sharing economy together with collaborative production.

This is the simplest part. Immediately, you download the Extramile App, you register by inputting your basic details like name, phone numbers and you will get a token ID generated for you and that become your secured password to enter and access your customized wallet anytime you want. From there, you can start transferring money from your bank account into EMA savings or investment plan. On that same platform, you can track and monitor your savings and how your investment grows.

Support me wallet is one of the exciting services of EMA that helps you to intimate and allow your parents, guardians or any of your families or friends to save or invest on your behalf in your wallet. For example, parents can be investing for their wards in school and the child will be able to see and have access to this funds when it is due for withdrawal

How do I know EMA is safe, transparent and secure?

Safety, transparency and security are our core priorities to our users. Your account and credentials remain safe. No third party or unauthorized person can hack or access your account or wallet even if you lose your phone or laptop. Your credentials are not stored anywhere.

EMA is available on mobile android application supported on Android 4.1 and above, ios application and our web-based server

Soon, you will be able to purchase discounted price and high quality products and services on EMA by just being an investor or referral to our platform. Our partnerships with phone, laptops, cars, trucks, foods and groceries market in conjunction with your values access like we paying your child school fees, electricity and internet/data bills are awesome. Watch out as we roll out these benefits and values to you.

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